passing time, page-3

Mate I am impressed. Thanks.

Why I am into this company:

- Cash in bank for the 2-2.5 year exploration program
- That means no matter what happens over the very short term in the global economy they will not be affected.
- Low shares outstanding which includes low diluted shares outstanding. And as with the previous point no threat of being diluted any time soom.
- This is not so cut and dried, but a belief that their concession will bare fruit once they get the community approvals to drill (which if you read back they are actually on track as to what they said their timelines were).
- Russian guy buying in at $2.75 and don't forget that the shares have not been diluted since. Is he an idiot? Don't know him but I assume not.
- Going on from above, there is a reason why this stock has ground down to a halt. Because that's what it did. It is only now starting up again. They stated that it will be 12-24 months to get the appropriate community approvals to drill. So chill they are about there as stated.
- Recent presedential elections. Humala chose cabinate that is far from bad business - looks like business as usual.
- Very impressive management/directors. Have you researched all their credentials and past jobs? Very unusual you get that quality in the one minor exploration company.
- The tea lady in Perth has only worket for BHP or RIO.

That's for a start.